Maharashtra State BoardHSC Commerce 12th Board Exam
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State with Reasons Whether the Following Statement True Or False. Co-operative Society Differs from Other Forms of Commercial Organizations. - Organisation of Commerce and Management

MCQ
True or False

State with reasons whether the following statement true or false.

Co-operative society differs from other forms of commercial organizations.

Options

  • True

  • False 

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Solution

Co-operative society differs from other forms of commercial organizations : True
Explanation: The main purpose of other forms of commercial organisations is to maximise profit. On the other hand, the main purpose of a co-operative organisation is to provide services to its members. Thus, it differs from other forms of commercial organisations.

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APPEARS IN

Micheal Vaz Organisation of Commerce and Management (OCM) HSC 12th Standard Maharashtra State Board
Chapter 1 Forms of Business Organisations
True or false | Q 10 | Page 39
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